Citizens' Issues
Only financials remain in sealing Rafale deal: Modi
New Delhi : Prime Minister Narendra Modi said on Monday only the financial details need to be worked out in finalising the much-awaited purchase of Rafale fighter aircraft from France, adding that it would be concluded soon.
 
Modi had, during his visit to Paris last year, announced India's intention to purchase 36 Rafale medium multi-role combat aircraft built by the French aerospace major Dassault. The deal is valued at around Rs.60,000 crore (almost $9 billion).
 
"Only financial aspects of the Rafale deal is left. The inter-governmental agreement has been finalised. It will be done soon," the prime minister told reporters after delegation-level talks with French President Francois Hollande here. 
 
On his part, Hollande said: "We signed an inter-governmental agreement (IGA) on Rafale deal. It is a decisive step for India to purchase the fighter jets and also for France to make them available to a great country like India."
 
Referring to the financial aspects of the deal, Hollande said: "That will be sorted out soon."
 
"Dassault Aviation is very pleased with this progress, and is actively supporting French authorities in their efforts to finalize a complete agreement within the next four weeks," the company said in a statement from Saint Cloud in France. 
 
The Indian Air Force (IAF) had shortlisted Rafale for induction into its frontline combat fleet, replacing the ageing Soviet-era MiG-21 squadron but the deal did not materialise for long.
 
The original deal, at an estimated cost of $20 billion, was for delivery of 126 fighters, including 18 off-the-shelf by Dassault, and 108 to be manufactured in India under licensed production by the state-run Hindustan Aeronautics Ltd (HAL) over time, with 50 percent offset obligations to benefit the domestic aerospace industry.
 
The IAF opted for the twin-engined Rafale in January 2012 over Eurofighter Typhoon of the European consortium EADS Cassidian after outsmarting F-16 of American Lockheed Martin, F/A-18 of Boeing, MiG-35 of Russian United Aircraft Corp and Swedish SAAB's Gripen in a global competitive bid floated in August 2007.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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Pune's tea-vendor CA becomes Maharashtra brand ambassador
Pune (Maharashtra) : A humble tea-vendor from Pune Somnath Giram, who has cleared this year's Chartered Accountancy examination, has been named as the 'brand ambassador' for Maharashtra's "Earn & Learn Scheme".
 
Education Minister Vinod Tawde made the announcement here on Sunday at a function while a prominent Pune realtor, DSK Group's CMD offered Giram a job to audit his company's account books.
 
Hailing from a small village in Karmala in Solapur district, the 28-year-old Giram, born to a marginal farmer, has come a long way after cycling 40 km daily to attend school.
 
Owing to a poor financial background, Giram considered dropping out of school after the State Secondary Certificate Examination (SSCE) of Class 10 like his elder brother and sister, as he could ill-afford to buy textbooks and notebooks.
 
Undetterred, he took up manual labour jobs in fields and collected money to continue his studies and pay for his fees as well as books and other study material to complete higher secondary in his hometown.
 
Noticing his skills with financial figures, a sympathetic teacher advised him to go to Pune and pursue his B.Com. which he completed in 2009, followed by his M.Com. in 2012.
 
Simultaneously, he started studying for his CA course, but was bogged down by the heavy fees and expensive books, coaching class fees and other expenses.
 
Not losing hope, he set up a small teashop in Pune's Sadashiv Peth's Perugate Square in 2013, which soon grew in popularity and he had a roaring business which helped finance his CA studies.
 
After managing the teashop for nearly 12 hours, he would put in 5-7 more hours for studies, often working late into the night.
 
His efforts and dedication finally paid off and he cleared this year's CA exams with 55 percent marks, coming among the only around eight percent of the total candidates declared successful.
 
"I was inspired by the humble beginnings of Prime Minister Narendra Modi and I resolved not to get disheartened by an obstacles in life," Giram told media persons.
 
Though he has not planned to shut down his teashop, he hopes to launch his own CA firm and serve the country in some capacity in future.
 
Impressed by Giram's struggles and success, minister Tawde named him the new brand ambassador for the state-sponsored 'Earn & Learn Scheme' to inspire lakhs of other struggling youths like him.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Taking to Twitter reflects railways' concern for customers: Prabhu
Panaji : The Indian Railways has taken to Twitter for quick resolution of customers' complaints as part of its larger commitment to provide quality service, Railway Minister Suresh Prabhu said on Monday.
 
"That (commitment to provide brisk customer service) is evident in the fact that if somebody complains, we try to address the complaint through Twitter," Prabhu said while laying the foundation of a platform at Madgaon railway station in Goa and inaugurating a model room-cum-exhibition centre at the station.
 
He said every railway division has a system for addressing costomers' complaints. 
 
The railway ministry in November last year had tweeted Twitter handles of all general managers and divisional managers of the Indian Railways, urging customers to use the microblogging site to reach the officials directly for quick resolution of their problems.
 
Subsequently, several instances of railway officers responding quickly to problems tweeted to the official handles, including cases of medical emergencies, have been reported.
 
"Indian Railways has many challenges. Despite several adverse market conditions we are trying to provide customer service," the minister said.
 
Providing quick and efficient customer service was a priority for the Indian Railways, he added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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